16.05.2023 - Flash news - The DAC 7 (finally) transposed into Luxembourg law – Are you ready?
On 3 May 2023, the Luxembourg Parliament voted the law transposing Directive (UE) 2021/514, the so-called DAC 7 (“the DAC 7 Law”). The main goal is to extend automatic exchange of information obligations to digital platforms regarding their clients, selling goods or services through those platforms. A first reporting in respect of 2023 is due by 31 January 2024.
Apart from that, the DAC 7 law introduces, amongst others, a framework for joint EU tax audits and extends the data protection notifications under the CRS and DAC 6 Laws.
